Sarc Housing Needs Board Inc

Sarc Housing Needs Board Inc. consistently operates with revenues around $140,000, showing strong asset growth and reduced liabilities over the last decade.

EIN: 20358706 · Nashua, NH · Updated: 2026-03-28

$145KRevenue

$203KAssets

80/100Mission Score (Excellent)

Is Sarc Housing Needs Board Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Sarc Housing Needs Board Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Sarc Housing Needs Board Inc

Sarc Housing Needs Board Inc (EIN: 20358706) is a nonprofit organization based in Nashua, NH. The organization reported total revenue of $145K and total assets of $203K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sarc Housing Needs Board Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Sarc Housing Needs Board Inc. demonstrates consistent, albeit modest, financial activity, with recent revenues around $140,000 annually. The organization has shown a positive trend in asset growth, increasing from $116,190 in 2014 to $215,408 in 2023, while significantly reducing its liabilities from $210,683 to $42,261 over the same period. This indicates a strengthening balance sheet and improved financial stability. The organization's spending efficiency appears to be strong, particularly in recent years where expenses are closely aligned with revenue, suggesting effective resource utilization. For instance, in 2023, expenses were $142,516 against revenues of $138,647.

The lack of reported officer compensation across all filings is a notable aspect, suggesting a volunteer-driven leadership or that compensation falls below reporting thresholds, which can be a positive indicator for donor confidence regarding administrative overhead. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, a precise assessment of spending efficiency is limited. The consistent filing of IRS Form 990 over 13 periods demonstrates a commitment to regulatory compliance and transparency, providing a clear historical financial record for public scrutiny. The organization's ability to operate with minimal or no reported expenses in earlier years (2014-2018) is unusual and warrants further investigation to understand its operational model during those periods.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Sarc Housing Needs Board Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Sarc Housing Needs Board Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or that compensation is below IRS reporting thresholds, which is positive for minimizing administrative overhead relative to the organization's size.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Sarc Housing Needs Board Inc's IRS 990 filings:

Unusual reporting of $0 expenses for multiple years (2014-2018) without further explanation, which could indicate incomplete reporting or a unique operational model.
NTEE Code is unknown, which limits understanding of its specific programmatic focus and comparative analysis within its sector.

Strengths

The following positive indicators were identified for Sarc Housing Needs Board Inc:

Significant reduction in liabilities from $210,683 in 2014 to $42,261 in 2023, indicating strong financial management.
Consistent growth in assets from $116,190 in 2014 to $215,408 in 2023, enhancing long-term stability.
No reported officer compensation across all filings, suggesting a high proportion of resources are directed towards the mission rather than executive salaries.
Consistent filing of IRS Form 990 for 13 periods, demonstrating a commitment to transparency and regulatory compliance.
Revenues consistently cover expenses in recent years, indicating operational sustainability (e.g., $138,647 revenue vs. $142,516 expenses in 2023).

Frequently Asked Questions about Sarc Housing Needs Board Inc

Is Sarc Housing Needs Board Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Sarc Housing Needs Board Inc (EIN: 20358706) some concerns. Mission Score: 80/100. 2 red flags identified, 5 strengths noted.

How does Sarc Housing Needs Board Inc spend its money?

Sarc Housing Needs Board Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Sarc Housing Needs Board Inc tax-deductible?

Sarc Housing Needs Board Inc is registered as a tax-exempt nonprofit (EIN: 20358706). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Sarc Housing Needs Board Inc. financially stable?

Yes, the organization appears financially stable, having significantly reduced liabilities from $210,683 in 2014 to $42,261 in 2023, while growing assets from $116,190 to $215,408 over the same period.

How does Sarc Housing Needs Board Inc. manage its expenses?

In recent years (2022-2023), expenses have been closely aligned with revenues (e.g., $142,516 expenses vs. $138,647 revenue in 2023), suggesting efficient management of resources. However, earlier filings (2014-2018) show $0 expenses, which is unusual and requires further context.

What is the trend in the organization's assets and liabilities?

Assets have shown a strong upward trend, increasing from $116,190 in 2014 to $215,408 in 2023. Concurrently, liabilities have dramatically decreased from $210,683 in 2014 to $42,261 in 2023, indicating improved financial health.

Does the organization pay its officers?

Based on the provided IRS 990 data, officer compensation is consistently reported as 0% for all available periods, suggesting a volunteer-driven leadership or compensation below reporting thresholds.

Filing History

IRS 990 filing history for Sarc Housing Needs Board Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Sarc Housing Needs Board Inc's revenue has grown by 830.5%, moving from $15K to $139K. Total assets increased by 85.7% over the same period, from $116K to $215K. In its most recent filing year (2023), Sarc Housing Needs Board Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $42K in liabilities against $215K in assets (debt-to-asset ratio: 19.6%), resulting in net assets of $173K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$139K	$143K	$215K	$42K	—	View 990
2022	$144K	$140K	$221K	$44K	—	View 990
2021	$144K	$76K	$232K	$59K	—	View 990
2020	$130K	$72K	$210K	$105K	—	View 990
2019	$31K	$34K	$193K	$146K	—	View 990
2018	$29K	$0	$162K	$146K	—	View 990
2017	$32K	$0	$153K	$167K	—	View 990
2016	$31K	$0	$131K	$176K	—	View 990
2015	$18K	$0	$116K	$192K	—	View 990
2014	$9K	$0	$116K	$211K	—	View 990
2013	$9K	$0	$117K	$221K	—	View 990
2012	$17K	$0	$120K	$233K	—	View 990
2011	$15K	$0	$116K	$245K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $139K, expenses of $143K, and assets of $215K (revenue -3.7% year-over-year).
2022: Revenue of $144K, expenses of $140K, and assets of $221K (revenue +0.2% year-over-year).
2021: Revenue of $144K, expenses of $76K, and assets of $232K (revenue +10.5% year-over-year).
2020: Revenue of $130K, expenses of $72K, and assets of $210K (revenue +313.7% year-over-year).
2019: Revenue of $31K, expenses of $34K, and assets of $193K (revenue +8.1% year-over-year).
2018: Revenue of $29K, expenses of $0, and assets of $162K (revenue -8.0% year-over-year).
2017: Revenue of $32K, expenses of $0, and assets of $153K (revenue +1.8% year-over-year).
2016: Revenue of $31K, expenses of $0, and assets of $131K (revenue +69.5% year-over-year).
2015: Revenue of $18K, expenses of $0, and assets of $116K (revenue +104.9% year-over-year).
2014: Revenue of $9K, expenses of $0, and assets of $116K (revenue +0.7% year-over-year).
2013: Revenue of $9K, expenses of $0, and assets of $117K (revenue -47.0% year-over-year).
2012: Revenue of $17K, expenses of $0, and assets of $120K (revenue +12.4% year-over-year).
2011: Revenue of $15K, expenses of $0, and assets of $116K.

Data Sources and Methodology

This transparency report for Sarc Housing Needs Board Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.